Category Archives: Luxury Properties

New 18-Story Condo Tower Planned For Ocean Drive Site In South Beach

By , Herald-Tribune
/ Friday, July 6, 2012

A private equity group is reviving plans to construct a condo tower on the famous Ocean Drive in the South Beach neighborhood of Miami Beach as the coastal market increasingly shows signs of recovering from the dramatic South Florida real estate crash that began in 2007, according to a new report from CondoVultures.com.

The proposed 120 Ocean Drive project – originally dubbed the Kallisto – is envisioned to be an 18-story condo tower with 10 units immediately north of the popular steak restaurant Prime One Twelve, according to the Preconstruction Condo Projects list from the licensed Florida brokerage CVR Realty.

The developer – a entity controlled by the Boston-based Congress Group – purchased the three-parcel site with a combined 17,250 square feet of land for $8 million in October 2005, according to Miami-Dade Property Appraiser records.

CondoVultures.com profiled South Florida new unit sales by project in the first quarter of 2012 in the seven largest coastal condo markets in the tricounty region of Miami-Dade, Broward, and Palm Beach counties.

Beginning the week of April 16, 2012, the Condo Vultures Market Intelligence Report published a seven-part weekly series that analyzing new condo sales trends in Greater Downtown Miami, South Beach, Sunny Isles Beach, Hollywood / Hallandale Beach, Downtown Fort Lauderdale and the Beach, Boca Raton / Deerfield Beach, and Downtown West Palm Beach and Palm Beach Island.

South Beach is a 24-block long neighborhood in the barrier island city of Miami Beach that stretches from South Pointe Drive north to 24th Street, the Atlantic Ocean west to the Venetian Islands, according to the Condo Vultures Official Condo Buyers Guide To South Beach.

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Filed under Condominiums, Luxury Properties, Miami Beach, South Beach

Would you buy the house where Gianni Versace was shot?

The Miami mansion where Gianni Versace died is on the market.  But will the history of the house help or hinder its sale? Emma Rowley investigates the price of infamy.

Fashion house: Gianni Versace’s Miami mansion was as flamboyant as the clothes which still bear his name

By Emma Rowley – The Telegraph

Russian oligarchs, Middle Eastern royalty and Ecclestone sisters, get out your wallets. Gianni Versace’s sumptuous mansion is back on the market. Now used as a boutique hotel, Casa Casuarina in Miami Beach, Florida, has been put up for sale with a hefty £80 million price tag.

Whoever buys it will need to share the tastes of Versace, that is certain. The couturier spent millions transforming the 10-bedroom South Beach property into an Italian villa, complete with frescoes, statues and stained glass, ever ready for a visit from Elton and the like.

What all those involved are less keen to trumpet is that 1116 Ocean Drive is also where Mr Versace was shot dead on the steps in 1997. Could this tragic aspect of its past prove a problem?

This is not a prospect that would appeal to all. But then, whoever snaps up Casa Casuarina, where even the swimming pool is tiled in 24-carat gold, is unlikely to be a shrinking violet.

Read more here: http://www.telegraph.co.uk/property/9364511/Would-you-buy-the-house-where-Gianni-Versace-was-shot.html

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Filed under Celebrity Homes, Luxury Properties, Miami Beach, South Beach

Billy Joel Selling A Superb Miami Beach Mansion For $14.75 Million

Miami Beach, Florida – The Miami real estate newswire this week’s information on a Mansion but not one in the sky. We frequently report on Mansions in the Sky, Condos in Miami. This is an actual Mansion on the sandy grounds of Miami. Following 6 Years of living in this luxury Miami Home, Billy Joel is selling. He is known as The Music Man, Billy Joel Is asking $14.75 Million for this Miami Beach Mansion.

Mansion located on La Gorce Island, a Gorgeous Gated Community in Miami Beach

The celebrity real estate news in Miami is often loaded with the big time players. This six-time Grammy-winning singer and songwriter, Billy Joel is selling his mansion on Miami Beach’s gated La Gorce Island. Billy Joel has owned the .67-acre Miami Beach Property since February 2006. This property is pie-shaped and of course on the waterfront. Billy Joel purchased the posh property on La Gorce Island, using a limited liability company, for $13,500,000. It appears through various real estate newswires in Miami that this was a cash deal.

Mediterranean Home with Stunning Views of the Water

The Miami Beach property is viewed as a Mediterranean Revival mansion-in the style, similar to that of the respectable architect Addison Mizner. This Miami Mansion was only built in 2004, as it consists of approximately 8,884 square feet and contains a total of 7 bedrooms and 8.5 bathrooms. This Miami Beach Luxury property includes a separate 1 bedroom and 1 bathroom guesthouse or once what was called a Mother-in-law’s home.

Mansion with Classic Designs Everywhere An Investor Looks

The Florida property has sweet Palm trees populating the sides of a paver stone driveway that passes through a motorized wrought iron gate. Billy Joel’s Miami Mansion has a palm tree-ringed interior motor court with two separate and semi-detached two-car garages. This Miami Beach home is loaded with marble, and limestone. The architectural designer did an amazing job as this luxury home includes elevated and barrel vaulted ceilings. The piano man can see through the French doors and take advantage of the stunning views of the Biscayne Bay.

A Miami Real Estate Broker’s Dream Listing

The Miami mansion, according to the Real Estate Broker’s listing details, has formal living and dining rooms. The Miami Real Estate Broker lists details such as a genuine cook’s kitchen, a home office, and a waterside family room with groin-vaulted ceiling. This Miami Luxury property owns a, built-in wet bar, with wine cellar for all those Canadian buyers who want to switch from Miami condos to a ritzy Mansion.

Mansion in Miami Beach for Those Qualifying for Key Man Life Insurance

The breathtaking La Gorce Island is definitely a desired enclave by celebrities, wealthy Private Investors and those who have a need for Key Man Life Insurance.  In other words the extremely wealth love this are of Miami and South Florida. For those who are old enough, you might remember Cher? She once owned a large residence just down the street from Billy Joel. Also nearby was the Latin pop – crossover singer Shakira. We saw newswires report that Bee Gee Maurice Gibb owned a La Gorce Island mansion yet he sadly died in 2003.

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Filed under Celebrity Homes, Luxury Properties, Miami Beach